La Scala and Aicardi & Partners advise on EUR 12 million negotiated crisis composition for Emilia-Romagna GDO company
La Scala, an Italian law firm specializing in corporate restructuring and insolvency matters, acted as legal counsel in a negotiated crisis composition procedure under the Corporate Crisis and Insolvency Code. The transaction resolved debt exposure exceeding EUR 12 million for a leading company operating in the organized large-scale distribution (GDO) sector based in Emilia-Romagna. Simone Bertolotti, Partner, and Luca Scaccaglia, Partner, led the engagement from La Scala’s restructuring team.
The creditor agreement was concluded under Article 23 of the Corporate Crisis and Insolvency Code, enabling the company to maintain full business continuity while restructuring its obligations. Aicardi & Partners provided industrial and financial advisory support throughout the procedure. The transaction preserved approximately 50 jobs within the organization, demonstrating the effectiveness of negotiated resolution frameworks in maintaining operational stability during financial distress.
Chambers and Co. since 2004.
The negotiated composition procedure represents an alternative resolution pathway that has gained prominence under Italy’s reformed insolvency framework. Unlike traditional insolvency proceedings, such arrangements allow companies to continue operations and preserve stakeholder value while addressing creditor claims. The structured approach employed in this transaction enabled parties to reach consensus on a sustainable repayment schedule.
La Scala’s engagement encompassed legal structuring of the crisis composition framework, creditor coordination, and regulatory compliance throughout the procedure. The firm’s expertise in Corporate Crisis Code applications, combined with its partner-level involvement, facilitated the timely execution of the transaction. The successful outcome underscores the viability of out-of-court negotiated procedures in addressing financial distress while maintaining employment and operational capacity.
For detailed information, as well as the picture copyright, please see the law firm’s original article here: https://lascalaw.com/en/news/news-detail/?id=254332&title=la-scala-e-aicardi-partner-advisor-nella-composizione-negoziata-della-crisi-da-12-mln-nella-gdo-leggi-la-rassegna-stampa-dedicata
